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Cameco Q4 net profit plunges 39 per cent as COVID forced uranium mine suspension

Cameco Q4 net profit plunges 39 per cent as COVID forced uranium mine suspension

SASKATOON — Cameco Corp. beat expectations even as the uranium miner reported that is net income attributable to common shareholders decreased 39 per cent to $80 million in the fourth quarter due to the impact of COVID-19.
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'Digital loonie' should come from Bank of Canada, not private sector, deputy says

'Digital loonie' should come from Bank of Canada, not private sector, deputy says

OTTAWA — A Bank of Canada official delivered a detailed defence of why the central bank should issue a "digital loonie" instead of ceding control to private cryptocurrencies that could become economic gatekeepers.
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World's biggest shipper reports rebound in business

World's biggest shipper reports rebound in business

COPENHAGEN — The world’s biggest shipping company, Denmark’s A.P. Moller-Maersk, on Wednesday reported a sharp rise in earnings for the fourth quarter, when global demand for goods rebounded from an earlier slump caused by the coronavirus pandemic.
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US consumer prices up 0.3% in January, led by energy spike

US consumer prices up 0.3% in January, led by energy spike

WASHINGTON — U.S. consumer prices rose 0.3% in January, led by a surge in energy. But even though the gain was the biggest monthly increase since July, inflation gains over the past year have remained modest.
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Precision Drilling reports $37.5M loss in Q4, revenue down 46 per cent

Precision Drilling reports $37.5M loss in Q4, revenue down 46 per cent

CALGARY — Precision Drilling Corp. reported a fourth-quarter loss of $37.5 million as its revenue fell 46 per cent compared with a year earlier. The contract drilling company says the loss amounted to $2.74 per share for the quarter ended Dec.
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Union approves deal with Chicago schools to return to class

Union approves deal with Chicago schools to return to class

CHICAGO — The Chicago Teachers Union has approved a deal with the nation’s third-largest school district to get students back to class during the coronavirus pandemic, union officials announced early Wednesday.
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WildBrain reports $11.3M profit in Q2 compared with a loss a year ago

WildBrain reports $11.3M profit in Q2 compared with a loss a year ago

HALIFAX — WildBrain Ltd. says it earned a second-quarter profit of $11.3 million compared with a loss in the same quarter a year earlier as its revenue improved.
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Allianz X invests $53.5 million in Purpose Financial for minority stake

Allianz X invests $53.5 million in Purpose Financial for minority stake

TORONTO — German company Allianz X has signed a deal to take a minority stake in Canadian financial technology firm Purpose Financial.
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Police in Europe bust gang hijacking celeb phones, arrest 10

Police in Europe bust gang hijacking celeb phones, arrest 10

LONDON — Police have arrested 10 people in the U.K., Belgium and Malta for allegedly hijacking mobile phones belonging to U.S.
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South Africa scraps AstraZeneca vaccine, will give J&J jabs

South Africa scraps AstraZeneca vaccine, will give J&J jabs

JOHANNESBURG — South Africa will give the unapproved Johnson & Johnson vaccine to its front-line health workers beginning next week as a study to see what protection it provides from COVID-19, particularly against the variant dominant there, the
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